Cairns City, Queensland

$2,200,000

Property Description

You Have Arrived - Top Property with Upside

Modern, exclusive 4 level resort in a prime location.
Offering a total of 95 spacious two and three bedroom apartments with 47 in the current letting pool, this quality resort is in a high demand area.
Excellent Body Corporate salary and good agreements.
A mix of holiday and permanent letting is offered.
Further growth ongoing with conversion to holiday letting progressing as demand requires.
Cairns long term rental vacancy rate is down to 2% with rentals rising.
No major new apartment properties have been built for 10 years.
Small manager pet allowed.
Opportunity for the manager to upgrade to 3 bedroom apartment.
Gallery Vie compliant.
Rarely do opportunities for properties of this calibre and upside come along.
Contact Calvin today for further property details.

Property Summary

Business Snapshot

Price: $2,200,000 Net Profit: $423,567 Remuneration / Body Corp Salary: $134,491Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Well sized manager's apartment with adjoining office on title. Opportunity for manager to upgrade to a three bedroom apartment.

Complex Information

Complex Type: MixedTotal Units in Complex: 95Total Units in Letting Pool: 47Holiday Units: 17Permanent Units: 30Owner Occupy Units: 37Outside Agent Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights

Phone

Listing Tools

This listing last updated: 11th September 2018

Property Map

Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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Calvin Bailey Management Rights